US Congress foresees short-term debt limit fix amid perilous stand-off

Republican and Democratic leaders edged back Wednesday from a perilous stand-off over lifting the nation’s borrowing cap, with Democratic senators signalling they were receptive to an offer from Senate Republican leader Mitch McConnell that would allow an emergency extension into December.McConnell made the offer shortly before Republicans were prepared to block legislation to suspend the debt limit until December of next year and as President Joe Biden and business leaders ramped up their…

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